Buying Into European Banks

By

Tim Melvin

| Jul 23, 2013 | 3:00 PM EDT

I have been stuck on the idea of Europe finally seeing an economic recovery for the past few days. The article in Barron's over the weekend made a strong case for conditions improving on the continent.

I am not much of a macro guy, and I certainly do not invest on my macro opinions. But the backdrop seems favorable for searching for cheap stocks. Consumer confidence in improving in the old world as many austerity issues are being scaled bank and the European Central Bank seems willing to do whatever it takes....680 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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